PPG’s Tipton Plant Future Uncertain

PPG Industries is evaluating the future of its plants, including its automotive glass manufacturing facility in Tipton.

PPG is exploring all alternatives for its automotive OEM (original equipment manufacturer) glass and automotive replacement glass, performance glazings and fiberglass operating segments, said Jack Maurer, spokesman for the Pittsburgh-based company. “We have engaged outside advisers to assist us in considering our alternatives including the potential sale of one or more of these operating segments,” Maurer said. “These alternatives may include acquisitions, restructure, forming strategic alliances and divestiture.” PPG is a producer of flat and fabricated glass in North America and a global producer of continuous strand fiberglass.

PPG’s principal glass production facilities are in North America and Europe. Fourteen plants operate in the United States, six of which, including Tipton, produce automotive original and replacement glass products, five produce flat glass and three produce fiberglass products.

Maurer said the company does not have a specific timeline to decide what it will do with its operations.

Marty Marasco, president and chief executive officer of Altoona-Blair County Development Corporation, said what PPG Industries is doing is not unusual for a publicly-owned company.

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600450 PPG’s Tipton Plant Future Uncertain glassonweb.com
Date: 28 March 2007
Source: Altoonamirror.com

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